LL Flooring, formerly Lumber Liquidators, is liquidating after failing to find a buyer
CBSN
LL Flooring, the flooring company formerly known as Lumber Liquidators, is going out of business after the bankrupt company failed to find a buyer.
LL Flooring filed for Chapter 11 bankruptcy protection last month, saying it was in negotiations with multiple parties to sell its business. The company also announced that it would close 94 stores across the U.S.
But in a statement on Wednesday, the company said that the talks had failed to yield an offer and that it now plans to wind down the business. Roughly 2,000 workers will lose their jobs.
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